PARTNERSHIP: HARA TOKEN to collaborate with BridgeX Network in pursuit of borderless finance
BridgeX Network is pleased to announce its latest partnership with HARA Token, a global & transparent blockchain-based data exchange to empower users to make better data-driven decisions. HARA’s mission began within the agriculture and food sector and continues towards overall sustainability for the world’s most socially impactful sectors. The potential impacts of a global and transparent data access on agriculture and food sector are on an increase in productivity, supply chain and market efficiencies.
Before the democratization of data, different silos of data sets were not linked together and were controlled by separate central institutions. Therefore, HARA’s decentralized data exchange enables a scalable ecosystem, ensures data integrity where every source is traceable and efficiently distributes incentives directly to stakeholders.
HARA will be utilizing all of BridgeX Network’s services — credit, crypto-to-fiat conversions and cross-border payments. The joint-partnership will lift the bar and further ensure stakeholders a decentralized data exchange that provides save transactions between borrowers and lenders through both integrated systems.
The shared vision of both companies to democratize credit and champion borderless finance will bridge the divided worlds of cryptocurrency and fiat and give back data control to its stakeholders.
HARA is a blockchain-based data exchange for the food sector that has been operating since 2015. The company provides farmers and other players in the agricultural sector with access to reliable data and transparent transactions. HARA is a product designed by Dattabot, a leading big data company in Indonesia.
In a pilot project, HARA has already acquired usually hard-to-find food data, such as Know Your Customer (KYC), farmer, land, and weather data, in different provinces across Indonesia. This data is beneficial in assisting financial institution partners to disburse loans in a growing market. Furthermore, the incentive mechanisms ensuring continuous usage of the application in the ecosystem have also been proven to work.
For further information, please visit https://haratoken.io/
About BridgeX Network
The BridgeX Network is a financial ecosystem framework, built on a proprietory technology core, that bridges the worlds of cryptocurrencies and fiat.
We provide decentralised credit, conversion and payment solutionsbetween crypto and fiat currencies, allowing unprecedented interoperability. These create a unifying platform for both fintech-blockchain and traditional financial companies to participate in this new economy.
By allowing third-party distributed apps (DApps) to integrate, we truly unlock the exponential power of the BridgeX Network; partners can offer innovative services to solve real-world financial needs of the network’s international user base.
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